WK5Assgn: Estimating Costs and Allocating Resources

Develop realistic, data-driven cost and schedule estimates.

http://www.qsm.com/tools/slim-estimate?gclid=CJrbqr_R8LkCFYxaMgod1yUAxw

One of the resources I found that is supposed to be useful when estimating cost, effort, and activity duration is called SLIM Estimate. “SLIM-Estimate is a resource that is used to estimate the cost, time, and effort required to satisfy a given set of system requirements and determine the best strategy for designing and implementing your software or systems project” (Quantitative Software Management, Inc., 2013). This resource in conjunction with QSM database ensures that the estimations are accurately estimated.

This program seems to be a good resource that will be easy to use, and basically does everything an instructional designer would need it to do. This site has a demo that shows you the different uses of this program, they have the option of doing the SLIM product tour, and it also has the option of doing a conference meeting that will show you how to check estimates to make sure they are valid. I think the demo, tour, and the option of having someone that is willing and able to help show you how to use the product is definitely helpful. I think it helps to ensure proper and successful use of the product.

Total Metrics Logo

http://www.totalmetrics.com/function-point-software/scope-project-sizing-software

The other resource I found is Total Metrics Scope Project Sizing 4.1 Software. This product seems to have many uses and capabilities for every aspect of designing no matter what phase your project is in. It can be used to get project estimates, monitor scope creep, negotiate price variations between the supplier and client, and monitor the completion of each step, estimate effort hours, and many more functions. These are all projected benefits for this software given by the website.

After watching the demo of this product and seeing that it has some tutorials to show you how to maneuver through the site just like SLIM estimate, makes me feel like it is also another pretty good resource. It has many uses such as “graphically model software functionality from planning through to production and support, quantitatively tracks multiple change requests within a release to give early warning of potential project blow-outs, allows for very accurate detailed counting, linking each process to each data element and file for quantifying scope variations in a contract” (Total Metrics), and many more uses.

References:

Quantitative Software Management, Inc., (2013). Retrieved from: http://www.qsm.com/tools/slim-estimate?gclid=CJrbqr_R8LkCFYxaMgod1yUAxw

Total Metrics. Retrieved from: http://www.totalmetrics.com/function-point-software/scope-project-sizing-software

Advertisements

8 thoughts on “WK5Assgn: Estimating Costs and Allocating Resources

  1. Hi Montrice,

    Your resources look like they would be extremely useful. Do you have an idea on the cost of either or an idea about the learning curve? You siad that the second one has some tutorials, which would be helpful, but I’m wondering if you got a sense of how much time it would take on either to be up on the learning curve. Thanks!

    Genah

    • Hi Genah,
      I do not have an idea on how much they would cost because both resources want you to send them an email for them to contact you about a quote. That totally sucks. I think they should have that information posted. Also, it’s no definite way of telling how much time it would take because it depends on whether the person is technologically saavy, if they’re an expert or have had any experience using something similar to it or not, and there are other factors that are needed to determine it as well. I can say that it looked a little difficult, and that it would take a little time to learn and understand how to use the resources.

      Montrice

  2. Hi Montrice,
    Thanks for your post! I found both of these resources helpful, but I wasn’t quite sure how specifically I could imagine using them at first. I like reading the ROI case studies on the QSM site and the user feedback on the SCOPE site and that gave me a much better grasp on the differences between the two tools in comparison to what else is out there. SCOPE seems to be really different from some of the other programs out there. You did a great job of digging a little deeper than some of the general surface stuff that it out there.
    -Loren

  3. Both your resources look beneficial to estimating costs and tracking changes. I work for a school system and our budget for a project comes from the top -down. The school board, superintendent and leadership (DLT) approve the project and a budget, but as the designer and “worker bee” of the project, we never see the numbers, just the deadlines. How do you think these resources could be used in this type of environment?

  4. Hi Montrice, I enjoyed reading your post. I took a looked at the resources and they seem very useful but at first it may not look that user friendly. I will have to invest some time navigating the program. I also found two project managements sites that are aimed to keep track of tasks, sharing information and fomenting a collaborative environment. Their links are: https://company.podio.com/project-management-software and http://www.teamworkpm.net/

    Cheers,
    Massiel

    • Hi Massiel,
      Thank you for the links you posted. Also, I agree that my resources don’t look very user-friendly. I think it’s great that they have the tutorials becuase they will help make using the programs easier. (I would hope so).
      Montrice

  5. Wow- looks like you found some awesome resources! The visuals you posted make a difference too. I was wondering the same things as Genah. I would love to know the cost of them for sure, but definitely the learning curve and accessibility as I am a novice at best to charts and data! In the education world I am not sure how often I would need to use a program of this nature, but the SLIM estimate resource looks amazing. I love all the different charts and graphs it offers.

    Steph

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s